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Jan 11, 2013
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i would love for earnings to matter instead of the fiscal cliff, right? and all these debt ceiling debates. when do earnings matter again? do they matter right now? >> hold on, i got to jump in. earnings do matter. >> all we talk about is the fiscal cliff. this and that and the election. >> brian, just because you talk about it doesn't mean that something else doesn't matter. >> well, that's not what i think. >> well. >> can we get back to -- we never answered earnings today. >> okay back it earnings. >> you steam rolled me like i did everybody else and i don't like wait i treat myself, apparently. gina, do earnings matter, and if so, how snch. >> earnings do matter but what is important is the expectation for earnings. bottom $112. top down, 107. pron probably you end up around 102, 103, maybe 104. that's the biggest difference that has to be moderated. yeah we expect 13.5 times earnings. that's isn't a screaming sell, isn't a screaming buy. but we have risks in the market. and i think we will deal with a stream of disappointing data rather than a stream
i would love for earnings to matter instead of the fiscal cliff, right? and all these debt ceiling debates. when do earnings matter again? do they matter right now? >> hold on, i got to jump in. earnings do matter. >> all we talk about is the fiscal cliff. this and that and the election. >> brian, just because you talk about it doesn't mean that something else doesn't matter. >> well, that's not what i think. >> well. >> can we get back to -- we never...
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Jan 15, 2013
01/13
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the debt ceiling remains in focus, and arguably, more important now at this point than the fiscal cliff; right? that's something to keep in mind, no doubt, not just here, but across the globe. the dow down about 14 points, one-tenth of 1% selling off there. keeping an eye on the retailers, numbers of the holidays up half of 11%. you noted facebook, front and center, apple below 500, but look at research in motion. the blackberry maker. january 30th, the day we are waiting for the blackberry 10. we talked about this for easily six months, but now we are hearing about developers and apps being submitted as record pace over at research in motion, carriers signing up on board. research in motion had a nice run over the last month or so. a look today, selling off 4%, and as i noted, there's a nice chart, november, december into 2013, there's a run up. back to you. dennis: hope at rim. thank you, nicole. cheryl: call it deja vu. president obama again attacks wealthy investors. >> they don't think it's fair, for example, to ask a senior to pay more for his or her health care or a scientist to
the debt ceiling remains in focus, and arguably, more important now at this point than the fiscal cliff; right? that's something to keep in mind, no doubt, not just here, but across the globe. the dow down about 14 points, one-tenth of 1% selling off there. keeping an eye on the retailers, numbers of the holidays up half of 11%. you noted facebook, front and center, apple below 500, but look at research in motion. the blackberry maker. january 30th, the day we are waiting for the blackberry 10....
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Jan 30, 2013
01/13
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it's no longer going to be talking about the risks of the fiscal cliff. we're actually getting about half of the fiscal cliff, so i think you're supposed to be cautious for the next few months. >> and that's not necessarily what we're seeing in investor behavior right now, margie. the same question for you. is this justified given the fact that we are headed into the next couple of months where things will get tougher? we know that we're garnishing defense cuts coming. we know that the fourth quarter was weak because everybody was in lockdown moved. do you want to lighten up on stocks, or not? >> may have a few little bumps in the road. frankically i welcome government spending cuts. i think that would be very positive long term. when you look at way from the government and look at what companies are doing, company results. global competitiveness, hard to get discouraged especially when they are cash flow yields. the opposite of the pes are really better than what you would get in the bond market with the 7% earnings yield. you don't have to think long to
it's no longer going to be talking about the risks of the fiscal cliff. we're actually getting about half of the fiscal cliff, so i think you're supposed to be cautious for the next few months. >> and that's not necessarily what we're seeing in investor behavior right now, margie. the same question for you. is this justified given the fact that we are headed into the next couple of months where things will get tougher? we know that we're garnishing defense cuts coming. we know that the...
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one there has been pause in purchasing, all kinds overhangs with fiscal cliffs and all kinds of other things we've had it deal with. but the emerging markets continue to grow pretty substantially and most of the companies including emulex are in there. and, you know, the, this, i think there is going to be refresh year but think about the growth in data. it is exponential. and you know --. liz: huge. >> the cell phones, the ipads they don't have a lot of data. so data center buildout has to be running to keep up with people's thirst for data and we provide products that go into those data centers, around the world. that is what gives me a lot of optimism as far as over the next quarters and years to come. liz: i get it. i get it. you made an acquisition, a $130 million acquisition. for a company like yours sets up a pretty significant amount. will they see more of these in the future? >> we haven't quite finished acquisition yet. it will be completed this quarter. this is quite an interesting move for a company. you know, we provide products to help make the networking interconnects.
one there has been pause in purchasing, all kinds overhangs with fiscal cliffs and all kinds of other things we've had it deal with. but the emerging markets continue to grow pretty substantially and most of the companies including emulex are in there. and, you know, the, this, i think there is going to be refresh year but think about the growth in data. it is exponential. and you know --. liz: huge. >> the cell phones, the ipads they don't have a lot of data. so data center buildout has...
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or are you are you happy new year so let's just a little bit touch on the fiscal cliff and then we will move right past it we didn't go off it exactly still more deal making to come in in a few months on the debt ceiling and on those spending cuts that they pushed off in terms of the sequester ration that was supposed to go through we do have some tax hikes we do have some permanent bush tax cuts i don't know what's your take away on this deal there. are. basically. really been a problem here the whole. people standing on. the bench was almost. we're going to get in the rain maybe a little more. if it was you i think that. probably. you were not. all. right. a lot of. what the lawmakers and what they feel did manage to do is help lawmakers avert headlines today of markets plunged under their points on lack of fiscal cliff deal but as you said the actual meeting is really nothing to write home about so let's talk about something more interesting any time these kind of discussions come about about the fiscal cliff or or whatever it may be we're talking about prescription for the economy w
or are you are you happy new year so let's just a little bit touch on the fiscal cliff and then we will move right past it we didn't go off it exactly still more deal making to come in in a few months on the debt ceiling and on those spending cuts that they pushed off in terms of the sequester ration that was supposed to go through we do have some tax hikes we do have some permanent bush tax cuts i don't know what's your take away on this deal there. are. basically. really been a problem here...
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Feb 4, 2013
02/13
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when we were approaching the fiscal cliff, both parties used the small business moniker and the main street moniker to basically say they were better for main street and better for the small business. tell me how you find the environment right now for the small business owner and what should the government do now to facilitate more bottom line growth for those businesses? >> i think the government has to look at what is the most direct and em pactful way it support small and midsize businesses. when i look at these businesses, there are some businesses when they are so small that they are no longer viable because of the market environment. those are not the ones we are referring to. we need poor management or otherwise poor credit. we are looking at businesses who may be rely on access to capital as one component of just the ongoing operation of their business. so in answer to your question, the environment is one that still consists of, i guess, limited available liquidity and limited available credit rather for small businesses, often reflected when you look at national federation
when we were approaching the fiscal cliff, both parties used the small business moniker and the main street moniker to basically say they were better for main street and better for the small business. tell me how you find the environment right now for the small business owner and what should the government do now to facilitate more bottom line growth for those businesses? >> i think the government has to look at what is the most direct and em pactful way it support small and midsize...
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Jan 3, 2013
01/13
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. >>> fiscal cliff deal is now done and it's now officially signed by the president. president obama ordering the bill to be signed via auto pen because right after they wrapped things up he went back on vacation with his family in hawaii. the auto pen is a device in washington, d.c. that replicates the president's signature. the president also signed a $633 billion defense bill for next year. >>> in the meantime, the house plans to vote tomorrow on aid for superstorm sandy. house speaker john boehner agreed to the vote following pressure from fellow republicans who were angry that he had scrapped a vote earlier this week. friday's vote covers $9 billion for the national flood insurance program. another vote on january 15th will cover the remaining $51 billion in that package. >>> here's a big story. interesting here. the arab centric network al jazeera will buy current tv. >> controversial among a lot of americans. it has respect from journalists. >> it does. the hard feelings go back to the iraq war. al jazeera covering it from a different perspective showing images
. >>> fiscal cliff deal is now done and it's now officially signed by the president. president obama ordering the bill to be signed via auto pen because right after they wrapped things up he went back on vacation with his family in hawaii. the auto pen is a device in washington, d.c. that replicates the president's signature. the president also signed a $633 billion defense bill for next year. >>> in the meantime, the house plans to vote tomorrow on aid for superstorm sandy....
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it comes to the fiscal cliff deal but let's just quickly touch on it ok when it comes to the tax hikes that were passed by congress as part of this deal those are set to raise six hundred billion dollars in new revenue over the next ten years that's according to the wall street journal but just put into perspective what does six hundred billion dollars over ten years actually bob because it's important to know that right so let's put it in a little perspective one year's additional revenue from the six hundred billion dollars us sixty billion could cover the u.s. as current expenses for how long oh a temporary five billion dollars that is less than six days that is five point seven days according to tim phillips of townhall dot com you've crunched the numbers or the additional revenue if you started saving it for about five years so half way through that ten year projection you could pay for the f. thirty five fighter plane program which will clock in it three hundred thirty one billion dollars according to forbes citing defense department in two thousand and twelve dollars so house wa
it comes to the fiscal cliff deal but let's just quickly touch on it ok when it comes to the tax hikes that were passed by congress as part of this deal those are set to raise six hundred billion dollars in new revenue over the next ten years that's according to the wall street journal but just put into perspective what does six hundred billion dollars over ten years actually bob because it's important to know that right so let's put it in a little perspective one year's additional revenue from...
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Apr 28, 2013
04/13
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. >> all right. , gun control, the fiscal cliff, pipelines, education, social security and iraq, afghanistan -- >> valerie, it's not going to happen. >> if not me, who yet the >> he is the one who got fired from the tonight show, right? >> yes, and then he moved over to tbs. >> is that a real network? >> no, but then neither is in bc. >> we're trying to -- neither nbc.n b .> we are trying >> we would like kim kardashian at our table. >> i refuse to wear pants until the president gives us more axes. ask do what i say and politico it's a profession. and, what is your home address? ?> why do you ask yucc\ >> to send you the tickets. >> nobody knows where he lives. >> there is no reason to be nervous. is valerie badmouthing me to the president yucc? is she out for revenge? x ask again later. >> you want to talk about immigration, we can talk about immigration. we can talk about the budget. i will even talk to you about jay-z and beyoncÉ in cuba. but there are two things i don't talk about, covert operations and magical powers. >> youtube play basketball every tuesday. >> nerve ball. nerf ball.
. >> all right. , gun control, the fiscal cliff, pipelines, education, social security and iraq, afghanistan -- >> valerie, it's not going to happen. >> if not me, who yet the >> he is the one who got fired from the tonight show, right? >> yes, and then he moved over to tbs. >> is that a real network? >> no, but then neither is in bc. >> we're trying to -- neither nbc.n b .> we are trying >> we would like kim kardashian at our table....
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Jun 10, 2013
06/13
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you know, the fact is that we didn't do comprehensive tax reform with the fiscal cliff. we basically raised prices on the quo quote/unquote wealthy. and the sequester was a nuclear weapon that was not supposed to have gone off. it has to be restructured. we haven't addressed the three fundamental things that have to be addressed to deal with the structural deficits. we haven't done -- dealt with demographics. we haven't dealt with healthcare costs and we haven't dealt with our tax system. we've gone from the whole getting deeper 10 million -- pardon me, 10 million a minute to 8 million a minute, and the only reason that they've done things is because they failed to agree on a program and a plan to deal with the structural problems. i come back to what i said. they're shortsighted. they have tunnel vision. and they don't adequately consider the off-balance sheet risks. >> david walker, always good to see you. thank you for your thoughts today. >> take care. >> see you later. heading toward the close, how are we doing? up two points. ooh. 40 minutes left. making progress.
you know, the fact is that we didn't do comprehensive tax reform with the fiscal cliff. we basically raised prices on the quo quote/unquote wealthy. and the sequester was a nuclear weapon that was not supposed to have gone off. it has to be restructured. we haven't addressed the three fundamental things that have to be addressed to deal with the structural deficits. we haven't done -- dealt with demographics. we haven't dealt with healthcare costs and we haven't dealt with our tax system. we've...
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Jan 18, 2013
01/13
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you've had a bruising election, the fiscal cliff, of course the tragedy in newtown, and it does feel like in washington very little can get accomplished right now. our poll shows 56% favor tighter gun control laws, 52% want illegal immigrants who hold jobs to apply for legal status. so, liz, what are his second term priorities going to be? what are we going to hear from him? >> well, look, i think he's already signaled what they're going to be. he's made it very clear that big immigration package is going to be put together. he feels a need to address gun control in the wake of newtown. and, you know, he's going to have to face the tax issue, as well. it's not just raising the debt ceiling that he's going to have to deal with. but he's going to have to negotiate with the republicans and perhaps try to change the tax code. all of these things are things he's already signaled he wants to do. what's fascinating is that this is a president who wanted to be a domestic president in the last -- in his first term and he was saddled with an economic situation and two wars to deal with. now is
you've had a bruising election, the fiscal cliff, of course the tragedy in newtown, and it does feel like in washington very little can get accomplished right now. our poll shows 56% favor tighter gun control laws, 52% want illegal immigrants who hold jobs to apply for legal status. so, liz, what are his second term priorities going to be? what are we going to hear from him? >> well, look, i think he's already signaled what they're going to be. he's made it very clear that big immigration...
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lori: it has been such a strategy session since the fiscal cliff, right? cantor voted no offer the fiscal cliff but after house got all requisite votes. i have to tell you i think boehner is going out for a cocktail right now. melissa: if he doesn't have one in his coat pocket i bet he is going out for one. i know i would have one in my coat pocket at this point. lori: he is happy to be holding on to speakership considering stress of late if. melissa: looks like a terrible job. he has got it once again. we head to the floor of the new york stock exchange. nicole petallides is standing by with that. >> let's look at these markets right now. the dow jones industrials are up 14 points, packing on to yesterday's 308 point gain. if you're a bull, iras and 401(k)s, you want the market to rip and roar through 2013 so far so good, right? we didn't give back yesterday's gains. we'll see whether we hold these. we have names hitting 52-week highs. we talked about autos. let's talk about other things such as homebuilders. we've seen homebuilders doing well as the hous
lori: it has been such a strategy session since the fiscal cliff, right? cantor voted no offer the fiscal cliff but after house got all requisite votes. i have to tell you i think boehner is going out for a cocktail right now. melissa: if he doesn't have one in his coat pocket i bet he is going out for one. i know i would have one in my coat pocket at this point. lori: he is happy to be holding on to speakership considering stress of late if. melissa: looks like a terrible job. he has got it...
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Oct 8, 2013
10/13
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now we took a 7% hit to the s&p 500 of a fiscal cliff issue last year before that was resolved, many stocks fell more than that. that's appreciatively worse than what we've got right now. the economy is stronger here now than it was then and europe and china are in much better shape. let's not lose sight of the fact we aren't falling apart economically versus those down 19% and 7% declines when things were much more fragile. okay. that's the good news. and that news is very important. we do have a stronger economy now than during both of those crises, that's the point i'm making here. europe and china have improved since then. here's the bad news, same as the good news, the market's not falling part enough to get people's attentions. no the on main street, not on wall street, something, of course, the speaker of the house tried to do too after the close. neither the bond nor stock market is getting scaring people. is that a high-quality problem? i don't know. up to you. why is it, though, why hasn't it fallen more? well, first the president has often said things are going to fall apa
now we took a 7% hit to the s&p 500 of a fiscal cliff issue last year before that was resolved, many stocks fell more than that. that's appreciatively worse than what we've got right now. the economy is stronger here now than it was then and europe and china are in much better shape. let's not lose sight of the fact we aren't falling apart economically versus those down 19% and 7% declines when things were much more fragile. okay. that's the good news. and that news is very important. we do...
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Mar 4, 2013
03/13
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but that fiscal cliff deal, what ended up being was just a tax increase that came out of that. there was not balance which is what the president says he's for now. there was no spending cuts. it was just revenue. that's what the speaker said. you got your revenue. now where are the cuts? >> let me answer. obviously, the president wanted the balanced agreement. the speaker walked away. we wanted an agreement that included long-term entitlement reform. and we give the speaker credit for the $600 billion. but i'll do a simple math equation, david. if he put $1 trillion of revenue on the table 10 weeks ago, and $600 billion has been passed, if he was keeping his offer on the table, he would be at least willing to consider $400 billion more in revenues as a starting point from tax reform if the president is keeping his offer on the table. and, david, as you know, these are tough things the president agreed to. means testing, medicare. that means higher premiums for well off medicare recipients. $400 billion over 10 years in medicare savings. and the hardest of all -- >> just to poin
but that fiscal cliff deal, what ended up being was just a tax increase that came out of that. there was not balance which is what the president says he's for now. there was no spending cuts. it was just revenue. that's what the speaker said. you got your revenue. now where are the cuts? >> let me answer. obviously, the president wanted the balanced agreement. the speaker walked away. we wanted an agreement that included long-term entitlement reform. and we give the speaker credit for the...
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Jan 3, 2013
01/13
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that typically happens in late january but the irs says it is receiving the fiscal cliff deal to assess the impact before it starts taking those returns. a couple early business headlines. scott, back over to you. >> hampton, thank you very much. 5:15 right now. jon and laura, if i said apple had an app store and amazon had an app store, would you understand they are different? >> yes. >> then the jury has spoken. pretty much a judge said the same thing. apple had been suing amazon over the idea of an app store. a judge the other day said, you know what, there's no confusion here and threw the lawsuit out. a bit of a loss for apple. most people's reaction has been the exact same. i think i understand the difference. >> thank you very much. >> scott, thanks a lot. christina is here to tell us about another cold start to the day but sunshine on the way. >> something that's equally difficult to differentiate, the difference between 33 degrees and 32 degrees because downright cold everywhere out there this morning. even though temperatures are about one to two degrees more mild than yesterd
that typically happens in late january but the irs says it is receiving the fiscal cliff deal to assess the impact before it starts taking those returns. a couple early business headlines. scott, back over to you. >> hampton, thank you very much. 5:15 right now. jon and laura, if i said apple had an app store and amazon had an app store, would you understand they are different? >> yes. >> then the jury has spoken. pretty much a judge said the same thing. apple had been suing...
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Jan 15, 2013
01/13
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"street signs" begins right now. >>> the fiscal cliff, immigration reform, gun control, what happened to job creation? a debate on whether the white house should be doing more to put americans back to work. we're raising the roof on the debt ceiling and why a leading economist thinks this fight is scarier than the fiscal cliff, much scarier. >>> plus, facebook announces something. it has to do with search. we've got questions. hopefully our guests have answers. >>> and addicted to debt. suze orman is here on why americans old and young are in hock all the way to their hairlines, mandy. >> okay. it's the biggest of 2013 and certainly no thanks there to apple's new 11-month low. in fact, check out this from our buddy guy adami. apple has now lost the equivalent of two disneys since its record high. meantime facebook stock has been building up for a bill reveal. but as julia boorstin can explain, the initial reaction to today, wouldn't you say, julia, a little underwelling. is the market missing something here? >> reporter: i'm having a hard time hearing you. facebook has unveiled graph
"street signs" begins right now. >>> the fiscal cliff, immigration reform, gun control, what happened to job creation? a debate on whether the white house should be doing more to put americans back to work. we're raising the roof on the debt ceiling and why a leading economist thinks this fight is scarier than the fiscal cliff, much scarier. >>> plus, facebook announces something. it has to do with search. we've got questions. hopefully our guests have answers....
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Jan 2, 2013
01/13
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winds and fiscal cliff and stuff like that, you're being caution right here? >> a little overdone to the upside. from those who talk to the technical side, a little more room to the upside but this kind of momentum to the upside scares a trader like me. a little bit nervous we can hold on to this kind of movement so i would not be surprised to see us come off a little bit tomorrow. >> so what is the thinking right now after last night's vote? is it about the tax bill last night, or is something else going on here? >> this was the relief rally that that mess was finally over, and we never have to say fiscal cliff again. >> from your lips, right? we can only hope. thanks, ben. see you later. we are going out, and we are very close to a 300-point gain, the best gain for the market in about four or five years with the dow up 296 points as we head towards the second hour. got wilbur ross joining us and more members of congress as well. stay tuned. >>> nearly a 300-point day on the dow jones industrial average. welcome to the "closing bell." i'm kelly evans in for m
winds and fiscal cliff and stuff like that, you're being caution right here? >> a little overdone to the upside. from those who talk to the technical side, a little more room to the upside but this kind of momentum to the upside scares a trader like me. a little bit nervous we can hold on to this kind of movement so i would not be surprised to see us come off a little bit tomorrow. >> so what is the thinking right now after last night's vote? is it about the tax bill last night, or...
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Jan 31, 2013
01/13
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all that we were going through in the fiscal cliff talks, the idea that we have punted this whole problem, i'll pick up with the punting. >> good. >> and just moved this a little further down the road? what -- >> yeah. >> what of this worries you? >> you know, it's interesting. maybe one of the good effects of the little global warming if you see a little bit in washington, d.c., i mean, the temperature seems to go down, the republicans are a little bit more conciliatory, you know, let's push back the debt, you see what's going on in immigration. we see house majority leader kantor saying, you have to rethink this. how are we going to present this? i mean, i think these are very, very positive signs going forward. i don't think we're going to have a shutdown of the government, i'll be very honest. but we may have some sequestration. >> do you think we'll have the sequester and 10% spending cuts across the board? because some of the defense names are already saying the ceos are saying that they don't expect that to happen and their plans and their guidance for the year does not count that.
all that we were going through in the fiscal cliff talks, the idea that we have punted this whole problem, i'll pick up with the punting. >> good. >> and just moved this a little further down the road? what -- >> yeah. >> what of this worries you? >> you know, it's interesting. maybe one of the good effects of the little global warming if you see a little bit in washington, d.c., i mean, the temperature seems to go down, the republicans are a little bit more...
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Feb 28, 2013
02/13
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the escape act that saved the day during the fiscal cliff fight is not there right now. here's why. one of the congressional bodies that democrats control, republicans cannot cut a deal because the top two democrats can't cut a deal. look at what they were front row seats to. they are both up for reelection in 2014 in their states that produced the following in 2010 and 2012. the most glaring examples of what compromise could cost. rand paul and ted cruz. they are well-understood. senator ron johnson this weekend said what all of us were thinking. >> i don't believe that speaker boehner would be speaker if that happens. i think he would lose our speakership. that is my personal opinion. >> if he does another deal with taxes in it. they are equally ham strung. they are evident at nearly every moment. take yesterday. >> can broadcast from springfield put it this way. hold strong and do not give in to more spending. >> people don't come to texas because they want handouts. they come because they want an opportunity. >> the fact is that everybody involve side acting very rationally, loo
the escape act that saved the day during the fiscal cliff fight is not there right now. here's why. one of the congressional bodies that democrats control, republicans cannot cut a deal because the top two democrats can't cut a deal. look at what they were front row seats to. they are both up for reelection in 2014 in their states that produced the following in 2010 and 2012. the most glaring examples of what compromise could cost. rand paul and ted cruz. they are well-understood. senator ron...
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Jan 5, 2013
01/13
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just like the yodeler in the cliffhanger's game on "the price is right," we did fall off a cliff. a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> over the cliff. >> so-called flagstaiscal cliff. >> maybe not. cue julie andrews in "the sound of music." >> a slope. >> not a cliff, a slope. >> more of a slip. rope hill, cliff, slope, be honest. it felt more like this -- >> this place is starting to have the feel of the movie ground hog day. >> this is pitiful. >> reporter: at least the movie made you laugh, this was more like "the hurt locker." >> oh, boy. >> congress set this time bomb. now they're scrambling to defuse it. >> reporter: in the end, the cliff, slope, bomb, groundhog day, call it what you will, it became a bill and a new metaphor. >> kick the can down the road. >> kicking the can down the road -- >> kicking the can. >> kicking the can. >> we are done with kicking this can down the road. we
just like the yodeler in the cliffhanger's game on "the price is right," we did fall off a cliff. a metaphor cliff. >> fiscal cliff. >> the fiscal cliff. >> over the cliff. >> so-called flagstaiscal cliff. >> maybe not. cue julie andrews in "the sound of music." >> a slope. >> not a cliff, a slope. >> more of a slip. rope hill, cliff, slope, be honest. it felt more like this -- >> this place is starting to have the feel...
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Oct 3, 2013
10/13
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we have seen that over the fiscal cliff debate. i expect this to go right up to the edge and over. >> coming up next, more on the breaking news from twitter. we will talk about twitter's rising costs next. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >> in case you haven't heard, twitter is going public. we have been combing through all of the data. got some interesting numbers. jewel ja? >> that's r
we have seen that over the fiscal cliff debate. i expect this to go right up to the edge and over. >> coming up next, more on the breaking news from twitter. we will talk about twitter's rising costs next. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the...
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Jan 14, 2013
01/13
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just on the fiscal cliff. >> so right now, the republicans are vulnerable. they don't have any leverage and the only people who have figured that out are senate republicans. they want to shut down the government even know newt gingrich says that was crazy when we did it before and they're on this path to do that. no, but it is. i want to read you something -- >> not the senate -- >> she is saying we may have to give the rank and file a government shutdown. >> lots of ways to do the government shutdown. it may come in the context of the continuing resolution. there's lots of cliffs that we are coming up upon right now, so she was i think specifically vague in that case. listen, the republicans and the democrats and the white house and the markets know that it is very dicey for the president to try to do this and it would create havoc in the market. it's likely unconstitutional. you don't know whether the debt issued under that is going to hold up is going to be justifiable. i think that would create absolute havoc, plus, there would be a political fire storm.
just on the fiscal cliff. >> so right now, the republicans are vulnerable. they don't have any leverage and the only people who have figured that out are senate republicans. they want to shut down the government even know newt gingrich says that was crazy when we did it before and they're on this path to do that. no, but it is. i want to read you something -- >> not the senate -- >> she is saying we may have to give the rank and file a government shutdown. >> lots of...
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Feb 5, 2013
02/13
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they are going to remain low, and it's clear that the headline risk isn't there, a la the fiscal cliff mess. right now equities are there, and it's going to continue, at least -- at least through this earnings period, if not longer. >> so what turns it around, mark lehman? what do you think? are there things that you're watching for the potential for a reversal and red flags there? >> i think the red flags would come from a sentiment that drastically shifted meaning that washington was not cooperating, that republicans and democrats were not getting along, and given what the president said today, given how investors shrugged off yesterday, i just don't see it. i met with a lot of investors over the last couple of weeks. cash flows are coming in to equity mutual funds. that's a change from the last few years. you talk about the unenlightened money. the unenlightened money is the one no in the market and people are playing catchup, and you see that today. >> lindsey, you feel this market is being very picky, only focusing on the good economic data and they are ignoring the bad. >> that's
they are going to remain low, and it's clear that the headline risk isn't there, a la the fiscal cliff mess. right now equities are there, and it's going to continue, at least -- at least through this earnings period, if not longer. >> so what turns it around, mark lehman? what do you think? are there things that you're watching for the potential for a reversal and red flags there? >> i think the red flags would come from a sentiment that drastically shifted meaning that washington...
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Feb 1, 2013
02/13
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i mean, right now, things are good. we got over the fiscal cliff. we knew we would rally after that. i don't see this rally going to major heights this year or a lot higher because earnings are decelerating, and now interest rates are rising. long-term rates are rising despite qe3 being so strong. we're getting near the end of this, but i do think there's a good bit to go. >> in other words, ride it up until -- what is going to be the catalyst that actually sends this market lower? we know there's no great shakes to talk about with the economy. sure, we have a better situation in housing and corporate cash is strong. still got real pockets and real issues and uncertainties. >> no, no, there are. >> what's the catalyst? >> robert schiller was saying even the housing rally doesn't look at strong to him as people think. he's serving customers rather than speculators saying people aren't really that much more bullish on housing so even the housing thing may not have the legs that people think. >> but, you know, harry, own if the housing doesn't have the
i mean, right now, things are good. we got over the fiscal cliff. we knew we would rally after that. i don't see this rally going to major heights this year or a lot higher because earnings are decelerating, and now interest rates are rising. long-term rates are rising despite qe3 being so strong. we're getting near the end of this, but i do think there's a good bit to go. >> in other words, ride it up until -- what is going to be the catalyst that actually sends this market lower? we...
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now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and the prime minister the minister for industry all had different theories about what to do and how to try and keep jobs int
now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might...
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Jan 9, 2013
01/13
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CNBC
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now that parts of the fiscal cliff have been resolved, are companies going to be any more or less cautious? for example, capital expenditures. do they see things worst investing in at this point. how much of it -- of the capital cliff being resolved do they think is going to make a difference now for their investment? >> it's a great point. my instinct tells me that they are still in lockdown mode, andreas. i know that you're bullish, but give me this sense of what you're seeing in terms of are they going to put money to work? >> i mean, i think they will. >> as a percentage of gdp, historic high at 10% and that business expenditure is an historic low for this part of the psych. something is going to give and we think ultimately the fiscal cliff will be resolved. the housing market is on the mend. >> how do you allocate capital then? you're expecting a good stock market this year, and you're bullish on the economy. how do you want to allocate money then? >> long equities. we've said that emerging market equities would do well in 2012 and in 2013 that will continue. valuation on many europe
now that parts of the fiscal cliff have been resolved, are companies going to be any more or less cautious? for example, capital expenditures. do they see things worst investing in at this point. how much of it -- of the capital cliff being resolved do they think is going to make a difference now for their investment? >> it's a great point. my instinct tells me that they are still in lockdown mode, andreas. i know that you're bullish, but give me this sense of what you're seeing in terms...
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Jan 2, 2013
01/13
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this fiscal cliff deal is giving investors something to cheer about? >> that's exactly it. looks like the dow is up about 250 points right now. stocks, which are risk-related asset classes, along with commodities are moving higher on this fiscal cliff deal. it's the uncertainty that has dissipated that's helping lift stocks almost across the board. the text-handy nasdaq is leading gains with the best intra day gain, we're talking about percentage, in six months. the first trading day of the year actually seems to be kind of a charm for the bulls on wall street because the dow has not fall i don't know on the year's first trading day since 2005. so we've got some interesting movements here. but some traders are warning that this rally could be a bit short lived because i know you were discussing it earlier. we still have to talk about the nation's borrowing in just a couple weeks and wall street knows that. we're paying attention to that. >> we saw what happened last time and it wasn't good. >> the good news is we also averted the dairy cliff, we won't be paying $8 for a gal
this fiscal cliff deal is giving investors something to cheer about? >> that's exactly it. looks like the dow is up about 250 points right now. stocks, which are risk-related asset classes, along with commodities are moving higher on this fiscal cliff deal. it's the uncertainty that has dissipated that's helping lift stocks almost across the board. the text-handy nasdaq is leading gains with the best intra day gain, we're talking about percentage, in six months. the first trading day of...
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Jan 4, 2013
01/13
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the white house, on trying to get this -- stop us from going over this fiscal cliff as it were that i don't think -- i think this is pretty much a day-by-day operation. i wouldn't know who to tell you to look to now for sound guidance on what's going to happen from here on end. i think it's just going to go down to the wire again. you'll hear a lot of rhetoric, a lot of talk about what we need to do about cutting spending and all that. congress really didn't do much of anything here. i mean they just kind of basically got the revenue set, and in a funny kind of way, that was the easy part here. now they have got to get into these programs and decide what programs they're going to cut. and i think we'll find out on a day-to-day basis here. >> all right. bob schieffer, thank you. and, anthony, that was nice of you to share with us about your spinning class. >> it was a startling moment when you look over at the next bike and there's the secretary of the treasury, i've got to tell you. >> that is interesting. but even more so that you do spinning class. good for you. >> thanks for ling
the white house, on trying to get this -- stop us from going over this fiscal cliff as it were that i don't think -- i think this is pretty much a day-by-day operation. i wouldn't know who to tell you to look to now for sound guidance on what's going to happen from here on end. i think it's just going to go down to the wire again. you'll hear a lot of rhetoric, a lot of talk about what we need to do about cutting spending and all that. congress really didn't do much of anything here. i mean...
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Feb 4, 2013
02/13
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cliff was supposedly resolved right at your end. we have ten-year up over two and you raise the discount rate on the cash flow and terminal valuation will be lower. so i think that from my perspective, fully vested today is assume there is better deals tomorrow. i don't operate under that assumption. >> howard, i want it play the devil's advocate here. i would never cheer lead for the market but this this is an a teflon market. none of those things are new yet we marched higher. why would those things, as i say, old things, derail the market now. >> the good news, we haven't had the negative news. we didn't go off the clip. tax rate didn't go off that much. dividends tax change was a gift, if anything. the negative news that was there, actually is being taken as positive. investors want back in. an lot of alternatives here. of where to put your money and they see this big rally coming in. there is a lot of info. they have very good cash flow earnings, dividend, balance sheets. however, we have had a nice run here and some consolidat
cliff was supposedly resolved right at your end. we have ten-year up over two and you raise the discount rate on the cash flow and terminal valuation will be lower. so i think that from my perspective, fully vested today is assume there is better deals tomorrow. i don't operate under that assumption. >> howard, i want it play the devil's advocate here. i would never cheer lead for the market but this this is an a teflon market. none of those things are new yet we marched higher. why would...
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. >> i think after a little bit of difficulty in figuring out how to do this, the fiscal cliff, all the negotiations, i think they are now on the right track. i think they handled it absolutely right. they did not get bullied by all of the nonsense the president is putting out there. i think they will go back to an open process with the budget. city council the city council always had hearings on my budget and it was a three or four months process, enormously helpful in giving support and making arrangements. lou: there must be some sort of allure to have those secret meetings, if you will, the private meetings with the president over these issues, coming up with a grand bargaining. that must be intoxicating to some. it is calamity so far for the republicans. >> it is. they all have different viewpoints and they needed chance to make their points. sometimes their points are very good ones. i think it is very counterproductive. when you have a president who really doesn't know how to negotiate, a president that it's my way or the highway, someone that wants to negotiate and then go out a
. >> i think after a little bit of difficulty in figuring out how to do this, the fiscal cliff, all the negotiations, i think they are now on the right track. i think they handled it absolutely right. they did not get bullied by all of the nonsense the president is putting out there. i think they will go back to an open process with the budget. city council the city council always had hearings on my budget and it was a three or four months process, enormously helpful in giving support and...
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Feb 28, 2013
02/13
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right? we did this in the last round, the fiscal cliff debate and they say we have done that. time to move on and get serious about cutting spending and each side is dug in and that's why. they feel like they're acting in their self interest. they're pushing forward their own position and that's why there's really no compromise happening on this issue barring some, you know, amazing dramatic event that none of us can foresee at this moment by 11:59 tomorrow that we all turn in to pumpkins or whatever happens when the sequester hits, it is coming. >> i'm a fan of amazing dramatic events so i hope one is coming but i'm not sure if it's coming. this is the fifth manufactured budget cut since the gop take over the house. the gop's image right now is at a historic low, 62% of americans saying the gop's out of touch. 56% not open to change. 52%, too extreme. my question kind of is, can they read? but in a way in terms of cuts, they're getting what they want but people aren't really paying attention to the sequester. is this going to have a long-term impact on gop image or not is. >>
right? we did this in the last round, the fiscal cliff debate and they say we have done that. time to move on and get serious about cutting spending and each side is dug in and that's why. they feel like they're acting in their self interest. they're pushing forward their own position and that's why there's really no compromise happening on this issue barring some, you know, amazing dramatic event that none of us can foresee at this moment by 11:59 tomorrow that we all turn in to pumpkins or...
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May 2, 2013
05/13
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>> i would have gone over the whole fiscal cliff, because we do have to do something about the budget balance problem. and it is true that europe's got too much austerity, but if you look at greece, their pain is because of the cuts. the problem is europe and the united states are not the same. europe's debt ratio is enormous. it's more than twice as big as the united states' is. so they're going to have to endure a hell of a lot of pain. but, really, the tax increases that the president put through at his insistence, during the solution, had zero effect. because it's all discretionary income for people over 400,000. so the truth is, we're either now going to have to cut services or raise taxes and we have to make that choice. >> but can you really move the needle with the revenue you're getting from the tax increases. >> absolutely not. >> so you have to cut spending. >> you've got to do both. that's why i was for the sequester. i have no faith in congress to be able to make any meaningful cuts in spending, especially in defense, which has to be cut. >> what about medicare, though. w
>> i would have gone over the whole fiscal cliff, because we do have to do something about the budget balance problem. and it is true that europe's got too much austerity, but if you look at greece, their pain is because of the cuts. the problem is europe and the united states are not the same. europe's debt ratio is enormous. it's more than twice as big as the united states' is. so they're going to have to endure a hell of a lot of pain. but, really, the tax increases that the president...
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Jan 2, 2013
01/13
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republicans don't love the fiscal cliff. democrats don't love this deal either but wall street does at least for today. why don't we look at where things stand right now. you will see the dow industrials are up by 223 point. s&p 500 up by about 24 and again these markets have been holding this throughout the day. nasdaq up by 66 points. gold up by $12.70 to 1,688 an ounce. yield is higher up, and let's go live to bob who is live on the new york stock exchange. bob, happy new year. >> happy new year. er with near what traders called a 90% upside die. 90% of stocks on the upside and volume. take a look at what's been going on here. i will show you a lot of sectors at highs here. in some cases multiyear highs. historic highs for the russell 20000. also new highs in home building stocks. and sectorially financial stocks like bank stocks as well as materials also at 52-week highs. take a look at solar stocks. becky got a lot of questions about why are all of the solar stocks up so much today. there are tax breaks for renewable en
republicans don't love the fiscal cliff. democrats don't love this deal either but wall street does at least for today. why don't we look at where things stand right now. you will see the dow industrials are up by 223 point. s&p 500 up by about 24 and again these markets have been holding this throughout the day. nasdaq up by 66 points. gold up by $12.70 to 1,688 an ounce. yield is higher up, and let's go live to bob who is live on the new york stock exchange. bob, happy new year. >>...
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Jan 4, 2013
01/13
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after the fiscal cliff deal. i think he was, frankly, worried that today's vote might have turned out differently, today's vote for speaker might have turned out differently had he done that right then. and so, you know, you could say it's arguable that certainly for self-preservation that was a smart thing to do, but it clearly reinforced this feeling on the part of the few remaining northeastern republicans that they are the stepchildren of the party and that, you know, they're trying to get elected in what are pretty blue jurisdictions and they're not getting any help. >> here is something that will underscore that thought, susan. republican congressman tom price of georgia, a conservative that the national review last month called boehner's biggest threat, told wmal radio yesterday that the northeastern republicans were to plame for what many conservatives believe was a bad deal to avert the fiscal cliff. listen to what he said. >> the vote is really fascinating. if you look at the votes that were yes on the
after the fiscal cliff deal. i think he was, frankly, worried that today's vote might have turned out differently, today's vote for speaker might have turned out differently had he done that right then. and so, you know, you could say it's arguable that certainly for self-preservation that was a smart thing to do, but it clearly reinforced this feeling on the part of the few remaining northeastern republicans that they are the stepchildren of the party and that, you know, they're trying to get...
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Jan 18, 2013
01/13
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the fiscal cliff deal could have been so much better than it was. i believe these changes will happen because they have to happen. and we are the luckiest country in the world dealing with this because of the gift that markets give us as us being the safe haven, of us having more time to put these changes in place than any other country. we don't have to do them quickly and abruptly. we can say we're going to do them and start them down the road which buys us more time for an economic recovery. we'd be so foolish to walk away from that opportunity to do this in an easier way by waiting til markets push us to. i hope and i continue to believe that we wouldn't do that to ourselves as a country. we'll make these choices in a way where they're in advance and they give us planning room. but the truth is, we've already waited longer than we should have. the political system's willing to wait on whether it's the next cycle, and it's already taken an economic toll on what could have been. because the bottom line is not only do we have to put these kind of s
the fiscal cliff deal could have been so much better than it was. i believe these changes will happen because they have to happen. and we are the luckiest country in the world dealing with this because of the gift that markets give us as us being the safe haven, of us having more time to put these changes in place than any other country. we don't have to do them quickly and abruptly. we can say we're going to do them and start them down the road which buys us more time for an economic recovery....
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Feb 22, 2013
02/13
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. >> in regards to the fiscal cliff and the cumulative effects and policies in particular, that of maintaining interest rates artificially lower, which you call quantitative easing, i ask especially because recently economic journalist william cohen had an article on the front page of "the washington post." this is what he said. quantitative easing not only hurts older americans on fixed incomes and loans that are dutifully saved for retirement, and these are people who can't afford to take advantage of historically low mortgage interest rates. mainly the quantitative easing helps the wall street banks and traders with a dynamic that could be setting us up for another financial crisis as investors have high-quality investments that wall street is only too happy to provide. >> i do not agree with the last part. i don't think there are a lot of people that are just provided. they have a lot of winning there, but they like to get more than that. that being said, what you said -- [talking over each other] what you said about low interest rates hurting people in general who live in general, that is
. >> in regards to the fiscal cliff and the cumulative effects and policies in particular, that of maintaining interest rates artificially lower, which you call quantitative easing, i ask especially because recently economic journalist william cohen had an article on the front page of "the washington post." this is what he said. quantitative easing not only hurts older americans on fixed incomes and loans that are dutifully saved for retirement, and these are people who can't...
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Jan 20, 2013
01/13
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cliff. he's still working on the address at this late hour. >> pelley: that second inaugural address will be delivered at the capital right behind me. that's the west front that you see behind our cbs news studio here in washington. the west front of the capital has been completely transformed for tomorrow's pomp and circumstance. we have our capital correspondent nancy cordes there this morning. nancy, what can we expect to see tomorrow? >> well, scott, we'll see a repeat of what we saw today just with, as you said, a lot more pomp and circumstance. the president will be sworn in once again by the chief justice john roberts. just behind me, behind those glass panels and that podium, and they'll be using not one bible as they did today but two bibles. first a bible that belonged to president lincoln which the president used four years ago when he was sworn in. but he'll also be bringing a bible that belonged to the rev. martin luther king jr that's fitting because the ceremony takes place on
cliff. he's still working on the address at this late hour. >> pelley: that second inaugural address will be delivered at the capital right behind me. that's the west front that you see behind our cbs news studio here in washington. the west front of the capital has been completely transformed for tomorrow's pomp and circumstance. we have our capital correspondent nancy cordes there this morning. nancy, what can we expect to see tomorrow? >> well, scott, we'll see a repeat of what...
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Feb 24, 2013
02/13
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CNN
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we've become too uncompromising, both sides have given up on trying to do it the right way. it doesn't matter because president obama delayed submitting a new budget proposal to congress this month by blaming the fiscal cliff bat until december for putting his team behind schedule that means that congress has to choose to vote to extend another continuing resolution before march 27th, or we face a government shutdown. now last week i talked to senator johnny isaacson, a republican from georgia on this show. he said a government shutdown would be a bad idea. >> shutting the government down is bad idea. defending the country's important and making sure social security checks are delivered is important. but it's a better idea to run the country like it's supposed to be run. do your responsibility. appropriate money, make cuts where you you have to. if you have to change the tax code, change the tax code. but do it in the context of the macro sense, not the micro. >> can't agree more, joining me are david gergen. cnn political analyst and professor of public service and the dire
we've become too uncompromising, both sides have given up on trying to do it the right way. it doesn't matter because president obama delayed submitting a new budget proposal to congress this month by blaming the fiscal cliff bat until december for putting his team behind schedule that means that congress has to choose to vote to extend another continuing resolution before march 27th, or we face a government shutdown. now last week i talked to senator johnny isaacson, a republican from georgia...
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Jan 21, 2013
01/13
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it wasn't too long ago that, maria, you and i were in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i think everybody believes this debt ceiling will be extended. jared, you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and raeni ireinine spending, how come we haven't seen any real proposals for spending cuts? are we going to see that, you think? >> i do think so. i think we have to go through this, unfortunately. at least recent history suggests we have to go through this crisis mentality to get there. thus far, there's been $1.5 trillion in spending cuts that have been made. they're on the books. there's been $600 billion in tax increases made on the books. that's over $2 trillion in deficit reduction over ten years. doesn't get us all the way there, but it does get us largely about two-thirds of the way there to debt stabilization, at least within a ten-year budget window. >> russ, what do you think? of c
it wasn't too long ago that, maria, you and i were in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i think everybody believes this debt ceiling will be extended. jared, you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and raeni ireinine spending, how come we haven't seen any real proposals for spending cuts? are...
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Jan 20, 2013
01/13
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WJLA
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it wasn't o long ago that, maria, you and i were sitting in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i believe everybody believes this debt ceiling will be extended. you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and reining in the spending, how come it's always about putting the gloves on and fighting? we're not going to do this, we're not going to do that. how come we haven't seen any proposals for spending cuts? are we going to see that, you think? >> i do think so. i mean, i think that we have to go through this unfortunately, at least recent history suggests we have to go through this crisis mentality to get there. i will say this, and we shouldn't forget it. thus far, there's been $1.5 trillion in spending cuts that have been made. they're on the books. there's been $600 billion in tax increases. made, on the books. sos that over $2 trillion in deficit reduction in two years. it doesn't get us all o
it wasn't o long ago that, maria, you and i were sitting in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i believe everybody believes this debt ceiling will be extended. you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and reining in the spending, how come it's always about putting the gloves on and fighting?...
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Oct 15, 2013
10/13
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remember all those discussions about the fiscal cliff fiasco and the delays of sending out the reevened checks and walmart saying it was really tough because refund checks weren't going out? that's the concern that people have right now. put up that full screen. setting up the showdown up to january creates that worry that tax refunds might be delayed again. one retail guy very big in the retail area said it could be horrible for christmas sales. he said people rely on that money and it's imminent no deal will get done, they're not going to buy in december. let me talk about the stock market leadership. i was very happy yesterday to note the russell 2000 historic highs. if you look out there, there's very few new highs throughout. yesterday 184 on the nyse. there's 3,000 securities that trade here. look how long it's been since big cap leadership has hit new highs. ibm popped out in march. mcdonalds and at&t popped out in april, exxon mobil in may and july. i would like to see some of the big famous names hit new highs in addition to those small and mid caps. walmart, today is their inv
remember all those discussions about the fiscal cliff fiasco and the delays of sending out the reevened checks and walmart saying it was really tough because refund checks weren't going out? that's the concern that people have right now. put up that full screen. setting up the showdown up to january creates that worry that tax refunds might be delayed again. one retail guy very big in the retail area said it could be horrible for christmas sales. he said people rely on that money and it's...
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Mar 5, 2013
03/13
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cliff, even more recently sequester. >> they've had a lot to say, right? europe, china. lowering the growth rate. communists look like they're taking over there. i just feel that -- this is facetio facetious. but yeah, one day bernanke is going to sell a bond and then it's all going to go away, david, everything. >> it's all going to disappear. >> i have lost so much hair worrying about bernanke and when he sells a bond. who knows what i'll have left. maybe i'll be cool, like michael jordan. >> the money you've made since then is going to make it go down easier is what you're saying? >> it's so difficult to be in a position like us, and say, don't -- or mine on "mad money," don't touch it, because one day there could be nerma nuclear war. i cannot get people out ahead of therma nuclear war. this is my own view, david, that in therma nuclear war i will not be worried about the price-to-earnings ratio of bristol-myers. >> but the bunker stocks will come in very handy for you. >> hormel. >> spam. >> spam's been tested, right? christmas island? where was that
cliff, even more recently sequester. >> they've had a lot to say, right? europe, china. lowering the growth rate. communists look like they're taking over there. i just feel that -- this is facetio facetious. but yeah, one day bernanke is going to sell a bond and then it's all going to go away, david, everything. >> it's all going to disappear. >> i have lost so much hair worrying about bernanke and when he sells a bond. who knows what i'll have left. maybe i'll be cool, like...
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Feb 23, 2013
02/13
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cliff battle in december for putting his team behind schedule. that means congress has to choose to vote to extend another continuing resolution before march 27th or we face a government shutdown. last week i talked to senator johnny isakson, a republican from georgia, on this show. he said a republican shutdown would be a bad idea. >> making sure social security checks are delivered is important. but it's a better idea to run the country the way it's supposed to be done. if you have to change the tax code, do it but in the context of the macro sense not the micro. >> can't agree more. david gergen, cnn senior political analyst and professor of public service and director of the center of public leadership at the harvard kennedy school and ron brownstein, executive director at the "national journal" magazine in washington. good to see you. ron, republicans could push president obama to push further spending cuts by threatening to shut down the government in the run-up to upcoming deadlines. we've heard one leading republican senator, john sni isa
cliff battle in december for putting his team behind schedule. that means congress has to choose to vote to extend another continuing resolution before march 27th or we face a government shutdown. last week i talked to senator johnny isakson, a republican from georgia, on this show. he said a republican shutdown would be a bad idea. >> making sure social security checks are delivered is important. but it's a better idea to run the country the way it's supposed to be done. if you have to...